Comparative-cost ratios of two products

Assignment Help Business Economics

Reference no: EM13976106

Suppose that the comparative-cost ratios of two products—mangoes and sardines—are as follows in the hypothetical nations of Mangolia and Sardinia: Mangolia: 1 mango = 2 cans of sardines Sardinia: 1 mango = 4 cans of sardines In this scenario, ______________ should specialize in mangoes and ______________ should specialize in sardines. Would a trade of 2 mangoes = 3 cans of sardines be acceptable to both nations? A. Mangolia; Sardinia; Yes B. Sardinia; Mangolia; Yes C. Sardinia; Mangolia; No D. Mangolia; Sardinia; No

Reference no: EM13976106

Questions Cloud

What price risks is still exposed to after taking position : It is now June. A company knows that it will sell 5,000 barrels of crude oil in September. It uses the October CME Group futures contract to hedge the price it will receive. Each contract is on 1,000 barrels of "light sweet crude." What position shou..

Income Statement Consider a firm with an EBIT : Income Statement Consider a firm with an EBIT of $10,500,000. The firm finances its assets with $50,000,000 debt (costing 6.5 percent) and 10,000,000 shares of stock selling at $10.00 per share. The firm is considering increasing its debt by $25,000,..

Nominal value of GDP increased : Suppose that the nominal value of GDP increased by 5 percent during a given year, but real GDP decreased by 3 percent. Which of the following best explains these events?

What is this projects equivalent annual cost or EAC : A five-year project has an initial fixed asset investment of $360,000, an initial NWC investment of $40,000, and an annual OCF of −$39,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required re..

Comparative-cost ratios of two products : Suppose that the comparative-cost ratios of two products—mangoes and sardines—are as follows in the hypothetical nations of Mangolia and Sardinia: Mangolia: 1 mango = 2 cans of sardines Sardinia: 1 mango = 4 cans of sardines In this scenario, _______..

What does an observer in one of rockets measure for speed : Two rockets are approaching each other along a straight line. What does an observer in one of the rockets measure for the speed of the other rocket?

In which direction does the sphere rotate : The sphere is pinned through its center so it is free to rotate, but will not translate. The hoop is then released so that it rolls without slipping along the sphere until the hoop comes off of the sphere. In which direction does the sphere rotate?

Determine the velocity of the second log : The lumberjack runs to the other end of the log, attaining a velocity of +4.74 m/s relative to the shore, and then hops onto an identical floating log that is initially at rest. Neglect any friction and resistance between the logs and the water. W..

How much work is done by the guy sliding the block of ice : how much work is done by the guy sliding the 10.0 kg block of ice 10.0 m if the force exerted is F = 25.0 N and the coefficient of kinetic friction is 0.200?

User Account

All Pages